Weiss Annual Report Marks EOS, Bitcoin, XRP As Top Three Cryptos ByMax MoellerPRO INVESTOR Updated: 29 July 2020 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage Weiss Crypto Ratings, a subsidiary of Weiss Ratings, a “financial ratings agency” that grades companies and investments, just put out a “comprehensive report on emerging trends in the cryptocurrency market,” reads a press release from the company. Ranking Digital Assets Weiss ranks coins on a letter system, with the highest scores going to “coins with the best combination of adoption and technology. Of course, these factors point to “long-term” success within the crypto industry. In addition, Martin D. Weiss, Founder of Weiss Ratings, comments on the decision-making process: “Despite lower prices since early 2018, our ratings model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in user transaction volume, network capacity, and network security. Equally important is our finding that these improvements are often powered by an evolution in the underlying technology. Therefore, for those willing to take the risk, the best time to invest could be very near.” The top five currencies are as follows: XRP (XRP) – Owned by Ripple Labs, XRP “is best positioned to compete with SWIFT,” a competitor focusing on global bank money transfers. Also, the group gives XRP a tech/adoption rating of A. EOS (EOS) – A project similar to Ethereum. In fact, Weiss marks EOS as “currently the leading cryptocurrency” standing against the smart contract platform. Weiss gives EOS an A. Bitcoin (BTC) – Thanks to the recent Lightning Network upgrade, Bitcoin “is the best positioned to become a popular store of value for savers and investors”. Bitcoin also ranks at A. Ethereum (ETH) – The most popular smart-contract platform. However, this blockchain network is facing scalability issues. Ethereum ranks at A-. Cardano (ADA) – A platform that is advancing the power of smart contracts. Cardano ranks at a B+. Steem (STEEM), NEO (NEO), Stellar (XLM), Zcash (ZEC), and BitShares (BTS), mark the final five spots in the top ten. The top ten Weiss crypto ratings. Keeping A Level Head However, these assets are not perfect. Weiss makes note of crypto’s volatility, which is higher in crypto “than virtually any other asset class”. When factoring in risk and reward, no assets receive an A. EOS, Ripple, Bitcoin, and Binance Coin (BNB) nail the highest rank, however: a B-. These ratings update every week. This report was written by Martin Weiss and the group’s chief crypto analyst, Juan Villaverde. The two found five notable trends: 1. An important segment of the cryptocurrency industry is enjoying remarkable growth in the volume of user transactions, a key aspect of adoption. 2. Improving adoption is largely powered by improving technology. 3. The way cryptocurrencies are secured is changing quite rapidly. Delegated Proof-of-Stake (DPoS) coins are on the rise, while Proof-of-Work (PoW) coins are losing market share. 4. Some cryptocurrencies are moving beyond blockchain entirely. 5. Killer dApps (Decentralized Applications) will play the biggest role in determining the future winners. Examples include Decentralized, crypto-based social media Peer-to-peer lending Fair and secure elections Join Our Telegram channel to stay up to date on breaking news coverage